Japan Looking to Invest in Jamaica

By: - February 21st, 2012

Above: the Shiodome City Centre in Tokyo, where Fujitsu is headquartered

By the Caribbean Journal staff

Japanese investors are showing “significant interest” in investing in Jamaica, according to Japanese Ambassador to Jamaica Hiroshi Yamaguchi.

“Probably for the first time in our nearly 50-year bilateral history, executives from big giants like Marubeni, Hitachi and Fujitsu, in addition to officials from the Ministry of Foreign Affairs and the Ministry of Economy, Trade and Industry of Japan received presentations from JAMPRO and toured prospective investment sites across Jamaica,” he said.

That visit took place in November.

Japanese companies already have large investments in Jamaica, including Marubeni, which has an 80 percent stake in the Jamaica Public Service Company.

UCC Ueshima Coffee Company is the largest marketer of Jamaican Blue Mountain coffee in Japan.

Indeed, Japan is the largest market for Jamaican Blue Mountain coffee in the world.

Investment from East Asia is nothing new to the region — the last few years have seen a wave of interest from the region, including China, Taiwan and, more recently, South Korea.

Jamaica

Turks and Caicos Looks at Public Accountability, with Help from EU

Above: the Turks and Caicos House of Assembly (Photo: GIS) By the Caribbean Journal staff The Turks and Caicos has launched a new White Paper proposing new and amended legislation to guide future governance in the territory. The project, which is funded by the European Union, is accompanied by similar initiatives being undertaken by the […]

Jamaica

Arrest Made in Robbery of US Justice Breyer, Bail Hearing Set for Tuesday

Above: Supreme Court Justice Stephen Breyer By the Caribbean Journal staff Vedel K Browne has been arrested for the robbery of US Supreme Court Justice in Nevis on Feb. 9. The report, first made by the St Kitts and Nevis Observer, was confirmed to Caribbean Journal by the Royal St Christopher and Nevis Police Force […]

Jamaica

LIAT Cargo Signs Deal with Miami-Based Aviation Firm CAS

By the Caribbean Journal staff LIAT Cargo has signed an Interline Agreement with Miami-based Commercial Aviation Services, a Miami-based carrier with heavy traffic to San Juan and Colombia. The agreement will hep transport cargo from to and from San Juan and Bogota via Barbados. “There is no other carrier offering this level of service,” said […]

St Lucia Looks to New Era of Diplomatic Relations with Argentina

By the Caribbean Journal staff Argentina was one of the first countries to establish diplomatic relations with St Lucia after it attained independence in 1979, and the two countries are looking forward to a continued partnership with a new Argentine Ambassador. Ambassador Marcelo Salviolo presented his letters of credence to Governor General Dame Pearlette Louisy […]

Dominican Republic to Invest $3 Million to Help Earthquake-Damaged Schools

 Above: Education Minister Josefina Pimentel (Photo: CIG) By the Caribbean Journal staff The Dominican Republic will invest approximately $3 million to help 39 school buildings that suffered damage from recent earthquakes in the country, according to the Ministry of Education. Of the schools that have structural problems, 39 have more or less severe damage, and […]

Jamaica Gets $15.1 Million IDB Loan for Agricultural Competitiveness

 By the Caribbean Journal staff Argentina was one of the first countries to establish diplomatic relations with St Lucia after it attained independence in 1979, and the two countries are looking forward to a continued partnership with a new Argentine Ambassador. Ambassador Marcelo Salviolo presented his letters of credence to Governor General Dame Pearlette Louisy […]

In the Bahamas, Antonius Roberts Builds a New Home for Art

 Above: Hillside House in Nassau (CJ Photo) NASSAU — A CORAL-HUED PROPERTY on Cumberland Street could be a significant driver in the development of downtown Nassau, if celebrated Bahamian artist and sculptor Antonius Roberts has his way. Roberts has brought his studio and his spirit to Hillside House at #25 Cumberland Street. It’s here that […]